A stable oil pricing regime is being forecasted by analysts in the near term. Amid the economic downturn, the development will bode well for the domestic economy on the back of uncertainty. The outlook for crude oil in 2023 has been described as uncertain as Russian oil production continues to...
Deputy Minister for Food and Agriculture (in charge of Crops), Mr. Yaw Addo Frimpong, has called on Thai rice value chain players to come and invest in Ghana. The deputy minister made the appeal at the Thailand-Ghana Business Conference on Sunday, March 19, 2023, which brought together captains of Thailand...
The country’s current economic woes is driving investors to seek diversification away from government securities, and Pension funds are setting their sights on investing in the real sector, this is according to the 2023 outlook survey by Axis Pension Trust. According to the survey, investors are now looking to diversify...
A former Head of the United Nations Office for West Africa and the Sahel, Dr. Mohammed Ibn Chambas, recently delivered the 2023 Adebayo Adedeji Lecture, titled: ‘Governance, Social Contract, and Economic Development in Africa: Looking Back, Projecting into the future’- and called for the acceleration of the ideals of...
A Fellow, Institute of Chartered Accountants Ghana (ICAG), Mr. Kofi AFFLU, wrote a very poignant opinion piece in today’s edition of the B&FT and began by admitting that Ghana is one of the countries in the World that has very high tax rates, something that very few people would...
Although Africa accounts for over fifty percent (53%) of global cashew production, the continent accounts for only 10 percent of global processing. Through local processing, there is value addition potential of US$2.8 billion and potential employment of 275,000 people in processing plants. It is for this reason that the involvement...
The Minister of Fisheries and Aquaculture Development (MoFAD), Mavis Hawa Koomson, is getting tough with trawlers operating in Ghanaian waters, denying license renewal to about 77 percent of the total 76 trawlers that fish in our territorial waters. It is recalled that in July last year, the ministry issued a...
Indian High Commissioner to Ghana Mr. Sugandh Rajaram, speaking at the AgriTech West Africa 2023 Exhibition, called for greater cooperation between India and Ghana in the area of agriculture and rural development. The call for agricultural partnerships between India and Ghana has become increasingly important under the AfCFTA, which presents...
The Deputy Minister of Tourism, Arts and Culture, Mark Okraku Mantey, is courting media support to boost tourism in the country. Tourism, one of fastest-growing industries in the country, contributed US$2.1billion to the economy in 2021, and was estimated to have generated about US$2.3billion by the end of the year...
The Office of the Registrar of Companies (ORC) is complaining that only 25.8 percent of registered companies have declared their beneficial ownership (BO) information, three months after the deadline requiring businesses to do so. As at February 27, 2023, the ORC said only 74,316, representing 25.8 percent out of the...